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Masala

05/04/17 3:24 PM

#75 RE: pray #74

Per the conference call they had 11m in cash plus the loan facility that they had taken to pay off Old debts.....no cash will need to as lot of capital rising even $5 dollar per share is an over valuation, the downtrend may continue.

Masala

05/04/17 6:22 PM

#76 RE: pray #74

As I said those numbers are negotiating props nothing more, if it where to sell the pipeline today, they would be lucky to get a third of that price....there is a lot of risk in bios and that reflects on the price of young bios

lux1

05/05/17 6:07 AM

#77 RE: pray #74

241 mil is the Roth valuation of the combined Co. that's about $16 a share. Surely that's only an agreement for the merger and is the market that say-so, however a merger estimation cannot be far away from the reality and I agree that's the current fair value.
I think we are paying also some inexperiences of the new management about the communication of a public company towards the general public. The market is emotional and had high hopes in the short-term for this 'IPO' but it could sense that there will be at least a couple of months of calm and of lack of events and this made it an easy game for bashers.
Maybe a more detailed presentation or maybe Neville should end with something like the usual:" We've been doing indcredible work. Stay tuned" or he should have suggest definitely "news any time", but likely it's not his style and so far the private investors appreciated exactly this style.